TORONTO, April 23, 2014 /CNW/ - TD Asset Management Inc. (TDAM)
announced today that it will be reducing the minimum investment amounts
for the Premium and K-Series (cash flow) on TD Managed Assets Program
(TD MAP) Portfolios effective July 1, 2014. The TD MAP solutions
impacted by the changes include TD Managed Portfolios and TD FundSmart
With these changes, a broader range of investors will have access to
premium pricing on TDAM's popular TD Managed Portfolios and TD
FundSmart Managed Portfolios. By investing in a TD MAP Portfolio,
investors can enjoy the confidence of knowing they have an actively
managed portfolio that is well-diversified and is constructed for their
tolerance to risk.
The changes that take effect in July are outlined in the chart below.
TD MAP Solution
TD Managed Portfolios &
Minimum investment amount decreases from $250,000 to $150,000 per
portfolio, including pre-authorized purchase plans
Monthly Income Plan (MIP): minimum starting balance decreases from
$350,000 to $250,000 per portfolio
MIP: minimum account balance required for the Plan to continue decreases
from $250,000 to $150,000 per portfolio
July 1, 2014
For more information, please see the applicable TD MAP prospectus.
About TD Asset Management Inc.
TDAM provides a diverse range of over 120 investment solutions including
mutual funds, professionally managed portfolios and corporate class
funds. TDAM manages retail mutual fund assets on behalf of more than
1.9 million investors and offers one of the most broadly diversified
fund families in Canada. Funds are available at TD Canada Trust
branches (through TD Investment Services Inc. representatives), TD
Direct Investing, TD Wealth Financial Planning and TD Wealth Private
Investment Advice, as well as leading investment dealers, independent
brokers, advisors and financial planners. As of March 31, 2014, TDAM
was the fourth largest mutual fund company in Canada, with CDN$86
billion invested in TD Mutual Funds (Source: IFIC).
SOURCE: TD Asset Management Inc.
For further information:
TD Bank Group